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10 March 2008

Forbes is an American publishing and media company. Its flagship publication, Forbes magazine, is published bi-weekly. Its primary competitors in the national business magazine category are Fortune, which is also published bi-weekly, and BusinessWeek. Today the magazine is known for its lists, including its lists of the richest Americans (the Forbes 400) and its list of billionaires.

Company history

B.C. Forbes founded Forbes magazine in 1917 and remained Editor-in-Chief until his death in New York City in 1954, though assisted in his later years by Bruce Charles Forbes (1916–1964) and Malcolm Stevenson Forbes (1917–1990), his two eldest sons.

On Malcolm's death, his eldest son Malcolm Stevenson "Steve" Forbes Jr. (1947–) became President and Chief Executive of Forbes and Editor-in-Chief of Forbes magazine. Between 1961 and 1999 the magazine was edited by James Michaels. In 1993, under Michaels, Forbes was a finalist for the National Magazine Award. In 2006, an investment group that includes rock star Bono bought a minority interest in the company.

THE PACK OF TOP 5

Warren Buffett is a simple man. He lives in an old house and drinks Cherry Cokes. Oh, and he's worth $62 billion, according to the latest Forbes Billionaires list. That makes the super investor the world's richest man, even richer than Microsoft's Bill Gates ($58 billion) and Mexican telecom giant Carlos Slim Helu ($60 billion).

Carlos Slim Helú (born January 28, 1940) is a Mexican businessman largely focused on the telecommunications industry and is the second richest man in the world with a net worth of around US $60 billion through his holdings.

Slim has a substantial influence over the telecommunications industry in Mexico and much of Latin America as well. He controls Teléfonos de México (Telmex), Telcel and América Móvil companies. Though he maintains an active involvement in his companies, his three sons Carlos Slim Domit, Marco Antonio Slim Domit and Patrick Slim Domit head them on a day-to-day basis.

William Henry Gates III (born 28 October 1955) is an American entrepreneur, software executive, philanthropist, the world's third richest man (as of 2008) and chairman of Microsoft, the software company he founded with Paul Allen. During his career at Microsoft he has held the positions of CEO and chief software architect, and he remains the largest individual shareholder with more than 9 percent of the common stock. Gates is one of the best-known entrepreneurs of the personal computer revolution. Although he is admired by many, a large number of industry insiders criticise his business tactics, which they consider anti-competitive: an opinion which has in some cases been upheld by the courts. Other court cases on the same charges, in different jurisdictions, are still ongoing. In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.

Lakshmi Narayan Mittal (or Lakshmi Niwas Mittal) ( (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur village, in the Churu district of Rajasthan, India, and resides in Kensington, London. He is the richest man in Europe and the fourth richest person in the world, with a personal fortune of US$50.0 billion according to Forbes magazine.

The Financial Times named Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 most influential people" by Time magazine.

Mukesh Ambani (born April 19, 1957 in Yemen) is an Indian businessman and a billionaire. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. His personal stake in Reliance Industries is 48%. His wealth is valued at US$43 billion (according to Forbes), making him the second richest Indian behind steel tycoon Lakshmi Mittal.

Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani.

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